By: Bettina Bergoo On: July 17, 2019 In: Comments: 0

A disused Canberra office park is being transformed into a state-of-the-art energy efficient village. The LDK Greenway Seniors’ Living Village at Tuggeranong will be home to up to 450 people, creating a new model for sustainability for Australia’s rapidly growing retirement living and aged care sectors. The CEFC has committed $60 million in debt finance towards the project.

The Village will be owned and operated by LDK Healthcare, a joint venture between Cromwell Property Group and senior living operator Aspire Group. The Village will include more than 380 apartments and a range of self-contained community amenities, including a corner store and café, 130-seat auditorium, meeting and learning spaces, community and private dining areas, gardens, a chapel and car parking.

By repurposing existing building stock, the Village avoids the carbon and financial cost of demolition and new construction. The introduction of energy efficiency and renewable energy technologies will result in ongoing emissions reduction and energy savings. The sustainability standards are expected to more than halve the Village’s greenhouse gas emissions when compared to current building standards.

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